Tariffs, Equity, and Looking Ahead to Spring
The real estate market never sleeps, even in the depths of winter! As we bundle up against the snow and dream of spring gardens, I wanted to address some of your most pressing questions – especially about those tariff discussions making headlines. Let's dive into what this could mean for homeowners and buyers in our area, along with a peek at what's happening in our local market.
A lot has happened since we last touched base. I hope you are well, and surviving this snowy winter (I am starting to dream of spring).
I have been fielding a lot of questions in regards to what the tariff chatter would do to housing if implemented… so I want to start there.
First off, if you already own your home, it won’t hurt the equity you have. In fact, the average home equity value nation wide is $311,000 (as of January of 2025). This is nationally, so imagine what yours might be in the North East.
The tariffs being discussed that could impact housing: Canada, China, and Mexico. Think trees for framing, steel, and gypsum (the primary component in concrete). If you are wanting a new construction home, or planning big projects for the home you have, it might be a good idea to jump on in. I do expect to see prices go up if implemented, so why wait?
Our inventory is still very low, but I expect an active spring market! There seem to be a lot of people ready to move from their starter homes, which is a good sign for inventory. It is still a sellers market though, so if you are on the fence- now is the time.
It is the week of love, and I really truly adore each of you. You make our communities great.
If you've been dreaming of homeownership but think it's out of reach, I have good news: affordable starter homes less than an hour from New York City are not only real—they're incredible opportunities waiting for you.
This time of year, my favorite places to visit are Harvest Moon and Outhouse Orchards . Have the donuts, find the pumpkins… have the cider for sure at Harvest Moon, and don’t skip the pumpkin cheesecake to go. It is delightful. As the leaves fall- enjoy the crunch, cover your garden beds, and let nature take it’s course. It is good for the environment, and will yield incredible garden results. This is also the time to start taking your plants inside or covering them if you are trying to help them survive the winter. See tips HERE. As for Real Estate… the market is shifting. We are entering a more neutral market. This means we are starting to see inventory stick around. Homes aren’t flying in a weekend- unless they are underpriced or an incredible deal. The important thing- you need a good agent regardless of wether you are buying or selling. Sellers can still clean up if things are done well, and buyers can find a deal if working with the right person. It is anyone’s market for the taking! If you have read all the way through… you get inside info. I am planning an event- so save the date- December 4. Serving: Pound Ridge | Bedford | Katonah-Lewisboro | North Salem | Ridgefield (CT) | and surrounding areas Your Trusted Westchester Real Estate Expert
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